Northeast Asia

Dongfeng Nissan Auto Finance is set to make its annual return to the Chinese ABS market with a Rmb4bn ($580.59m) VINZ 2017-1 Retail Auto Loan Securitization.

The potential sale of Toshiba’s multibillion dollar flash memory arm is drumming up interest among banks that are looking for opportunities to finance the bidders. Depending on the outcome of the sale, the transaction could result in big business for European, Taiwanese and Japanese lenders, said market observers. Shruti Chaturvedi reports.

I remember the days when deal pitch books were hard work but simple. We spent our time slaving away on the preparation, focusing purely on the substance of our message. But technology has ruined bankers now, making them far too reliant on the appearance of their perfectly crafted presentation slides.

South Korean low-cost carrier Jin Air is looking to raise at least $200m from an IPO in 2017, according to a source close to the deal.

State Grid Corporation of China on Wednesday snapped up $5bn from a four-trancher — the largest G3 bond so far this year. In addition to size, the issuer also achieved tight pricing, said market participants.

China Huarong Asset Management Co sold a $3.4bn-equivalent six-tranche bond in US dollars and Singapore dollars on April 20. The transaction featured many firsts for the issuer, and was part of its efforts to normalise its debt curve.

BPRL seeks SBLC-backed $400m — Singamas nets $270m with latest facility — Tower Bersama allocates among nine

China Rapid Finance decided to cut price guidance for its US IPO in order to secure a high quality anchor investor, raising $70m instead of the original target of up to $115m, according to a banker on the deal.

Car has entered the Panda bond market with a rare public deal on the Shanghai Stock Exchange (SSE). Wilson Li, CFO at Car, told GlobalRMB that the move will help the red-chip company build credentials in the onshore bond market.

China Southern Power Grid Co, China Minsheng Banking Corp and Hong Kong-listed SOCAM Development started taking bids for their respective dollars bonds on Thursday at the Asia open.

Its ten years since China Development Bank sold the first dim sum bond and since then there have been many landmarks on the path to renminbi globalisation. Check out GlobalRMB’s new infographic for some highlights of the past decade.

China’s State Development & Investment Corp (SDIC) sealed a dual tranche offering on Tuesday, with the issuer’s state ownership, diversified investment portfolio and the moderate deal size ensuring a smooth debut.